Chit Funds provides a healthy source of financing for different types of people. Ex – small investors, businessmen, small scale industrialists etc. It is a contingency plan which requires sufficient cash amount. It can serve various needs like desire for saving or borrowing for extraordinary needs like marriages, construction bills, hospital charges. Chit funds can […]
Chit funds
Registered Chit Funds Are Safe – Here is Why
Are Chit funds safe? Are Chit funds safe? This is the first question that comes into the mind of many common man, the moment he starts considering the option of an investment in a chit fund program. There is a saying that Trust is like a piece of paper, and once the paper is crumpled […]
What is a Chit Fund and the evolution of Chit Funds in India
The concept of Chit Fund started decades ago when a group of needy people found that getting a bank loan was too complicated, had unsure and indefinite cash flow, but had to meet big expenses. That was when chit fund came into existence. A set of families or friends would form a group or rather, […]